Based on past Germany Inflation Rate YoY Prel news events there is a 75% chance of UB trending upwards. We expect this to happen if the released value is > 1.4%. A price movement of 46 pips is expected.
Historical events that allowed us to draw this conclusion
|03 Jan 13:00
|27 Jun 12:00
|30 Apr 12:00
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).